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Level 1

How can I determine how much of my house payment I can log as an business expense? My business is on my personal property in a separate building.

I own an Auto Repair shop that is on my owned property. What percentage of my house payment can I log as an expense. Also, what percentage of utilities?
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Community Champion

How can I determine how much of my house payment I can log as an business expense? My business is on my personal property in a separate building.

The general rule is the % of square feet dedicated solely to the business. So if your house is 2500 sq ft and your garage is 500 you might get away with 1/6 for business. It would be better to get separate utilities run to the garage and get it appraised 

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